The past year was a difficult one overall for the metals, with the main standouts to the upside being a geopolitical risk-driven gain in gold, a China-driven rise in iron ore and a surge in uranium on broadening global support for nuclear power (Figure 1). A jump in global interest rates to near two-decade highs saw recession fears persist all year, and while one still did not actually eru...Read More

This year the post-global health crisis boom was brought to an end by a surge in inflation to forty-year highs, a major rise in global interest rates in an attempt to curb the rising prices and surging geopolitical risk after Russia's invasion of Ukraine. While precious metals held up reasonably well as markets turned to them as a risk hedge, by Q2/22 the higher interest rates put an end t...Read More

Chile is the world leader in copper production, at 28.5% of the total in 2020, and this looks set to continue, with the country having the largest global reserves, at 23.0% of total. It is also the global leader for molybdenum, which is often found along with copper, and is a major lithium player, holding 51.1% of global reserves. Read More

Newfoundland has become a gold exploration hotspot over the past few years, with the sector seeing some of its strongest activity ever. While the province remains a small contributor to Canadian gold production, it has a substantial mineral industry well supported by the government, focused on iron ore, copper and nickel, and the surge in exploration suggests that gold output from the...Read More

Nevada is the core of the U.S. gold output, accounting for by far the majority, at 75.4% on average for the past year. The state looks set to remain a dominant player in U.S. gold, as it accounts for 49% of total U.S. reserves, with Alaska slightly ahead with 51% of reserves, but just 8.6% of current production. The U.S. accounts for 6.1% of global gold output, making Nevada one of the largest gol...Read More

The Golden Triangle in northwestern British Columbia has historically been a major site of Canadian gold production, beginning as early as the mid 1800s. There was a wave of production in the 1990s which cooled as the gold price declined, but larger scale production resumed in 2017, and the area has seen surging exploration interest over the past year, given that the region has some of the largest...Read More

In this report we outline the Quebec gold mining industry, including its major producers, and a survey of many of the junior miners focused on the province. Quebec accounts for 34% of Canadian gold production (second to Ontario, with 44%) and remains a major focus for both producers and junior miners.Read More

Red Lake has been one of the most prolific gold mining districts in Canada and the world, with exploration having started in the 1920s, and production, which began in the 1930s, continuing to the present day. The district is known for the high grade of its gold, its infrastructure, and strong institutional support, given the long history of mining in the area.Read More

Full Article: SWOT Analysis: Will Gold Shine During Volatile Times?By: Frank HolmesStrengthsThe best performing metal this week was gold, down 1.26 percent. China's demand for gold jewelry rose 10 percent last year to around 700 metric tons due to increasing wealth of residents. China is the largest market for gold in the world. Gold demand is also on the rise in India, the second largest cons...Read More

Full Article: Raising Rates Reflect Bigger Debt Not Faster GrowthBy: Peter SchiffWhile investors are justifiably focused on what may be the opening crescendo of a long overdue sell-off in stocks, there is not, as of yet, as feverish a discussion of the parallel sell-offs in bonds and the U.S. dollar, which have been underway for at least a year and a half in bonds and 14 months for the dollar. I...Read More

Now's the perfect time for the red-hot semiconductors to take a nap.If this year's major chip winners - NVIDIA Corp. (NVDA), Super Micro Computer Inc. (SMCI) and Micron Technology Inc. (MU) - continue to chop sideways or retest key support levels in July, what will be your next big trade this summer?We've discussed several potential summer rotation trade ideas over the past several weeks ranging f...Read More

It's been a momentous past week for the Supreme Court. It's released several important decisions that will have a significant impact on American politics. This morning, the Supreme Court issued another major ruling.In a 6-3 decision, the court ruled that presidents do have immunity for official acts that they performed in office. The court ruled that presidents don't have unlimited immunity they...Read More

There's been so much happening over the past 24 hours that it's hard to keep up. The Supreme Court has been releasing several key rulings that will have a major impact on American politics.Just this morning, they overturned the so-called Chevron deference that’s been in operation since the 1980s. Chevron handed the federal bureaucracy extensive authority to interpret statutes as it sees fit....Read More

One hundred and three steps. That's how much I had to climb to bring my grandpa his lunch every day at the ore dock.Marquette, Michigan is the hub of America's iron industry. It's where I grew up. My grandpa was the loadmaster at the town's famous ore dock. He spent his entire career working around iron from iron rails, to ore boats, to where he retired, in Marquette.Some 500 million tons of the...Read More

It's no secret that the vast majority of the so-called elites are advocates of climate alarmism and are taken in by the Green New Scam.Whether this preference is based on ignorance of the science, ideological zeal, a willful desire to hurt American growth or simple greed because of their investments in Green New Scam infrastructure varies case by case.The typical upper-income supporter of the clim...Read More

Joke Biden didn't invent inflation. But he inadvertently attached his name to it, much like Jimmy Carter did in the 1970s.A few months ago, Greg Ip wrote the most condescendingly asinine article The Wall Street Journal ever had the misfortune to publish. In "What's Wrong With the Economy? It's You, Not the Data," Ip alleged The Great Unwashed(TM) were too stupid to realize how good everything was...Read More

Send in the National Guard! Tech stocks are red! The tech sector plummeted nearly 2.5% on Monday following weeks of melt-up action. And the main culprits were some of the same stocks responsible for dragging the averages higher this year, specifically the semiconductors.The VanEck Vectors Semiconductor ETF (SMH) continues to fill those gaps, dropping more than 3.4% yesterday its third straight d...Read More

Since the start of the war in Ukraine, I've been warning about the dangers of escalation between the U.S. and Russia. We may be about to take a serious step up the escalation ladder.On Sunday, Ukraine launched an attack on Crimea with U.S.-supplied Army Tactical Missile System (ATACMS) missiles. The target was likely a military installation, quite possibly a Russian airbase.It appears that five AT...Read More

Today, we'll ponder the pursuit of honest money and wealth protection in a culture that, more and more, is built on a foundation of untruth, misdirection and outright lies.First, we need to consider lawfare. That's a combination of law and warfare. Instead of one side attacking the other with armies of soldiers, the assault comes via armies of lawyers. And instead of operational movements on a bat...Read More

A Martian gazing down from his red perch Mr. Warren Buffett once razzed would marvel that Earthlings dig gold from the ground... merely to re-entomb it in vaults.That is, the business is senseless. It is pointless. It is juiceless.At first blush, our space man is justly puzzled. Why indeed would humans shovel up hunks of metal merely to lock them away, idle?Yet the Martian and the Nebraskan...Read More

You've probably heard that the U.S. economy is heavily "financialized." What does that really mean? What is financialization?It's a big topic and not very well defined. It can refer to the dominance of financial activity over traditional business activity in goods and services. It can refer to market bubbles. It can refer to the use of financial instruments in non-traditional arenas such as warfar...Read More

Maybe you've heard that your search results on Google reflect not your curiosities and needs but someone or something else's views on what you need to know.And on Facebook, you're likely inundated by links to official sources to correct any errors you might carry in your head, as well as links to corrections to posts as made by any number of fact-checking organizations.You've likely also heard of...Read More

"What single word would you use to describe today's AI investment plays?" The question was posed to me as I sat in on a panel discussion with Jim Rickards, Byron King, Dan Amoss and a few other influential minds in the investment community at the famous (or infamous) Watergate Hotel in Washington, the heart of the swamp.As I'm sure you know, artificial intelligence (AI) has captured the attention...Read More

Artificial Intelligence investors will soon dangle from the hooks of a fantastic dilemma.Today we show you why.Artificial intelligence has worked Wall Street into a state of high incandescence.It represents the next "big thing." And dizzied investors fearful of "missing out" are piling into it.Consider for example Nvidia AI's primary wagon-puller.The thing accounts for over one-third of 2024...Read More

The United States government debt runs presently to $34.8 trillion and gallops by the second, by the minute, by the hour, by the day.Dr. Paul Krugman believes he holds the solution. He believes it would bring an overall stability to the predicament.In the good doctor's telling:Congress need merely nick deficits 2.1% each year for the following 30 years.The Congressional Budget Office projects th...Read More

Many financial commentators, including my esteemed colleague, James Altucher, poopoo the idea of owning a home. They have good reasons to do so. Homeownership has become exceptionally expensive in desirable areas, and many houses have become money pits.As a recent homeowner, I can attest to the benefits of owning your own property when done right. By ‘right,’ I mean being mindful of yo...Read More

Had enough of the current Middle East war between Israel and Hamas in Gaza? Well, I hate to be the bearer of bad news.But it's time to get ready for the next phase of this war. The next Middle East war will also involve Israel. Except in this war, Israel's guns will be pointing north toward Lebanon.And it risks a much wider conflict, with Iran in particular. Let's break it down...Recent intelligen...Read More

There's been a lot of talk over the past several days that Saudi Arabia is ending the petrodollar deal it's had with the U.S. for 50 years. This story has been highly exaggerated. Today I want to address the misinformation you're seeing right now, and show you what really happened.News services of dubious accuracy reported that Saudi Arabia had ended the petrodollar deal on June 9, after 50 years....Read More